Post on 15-Mar-2018
EU
Bala
nce
Sh
et
2012/13 (final) 2013/14 (final) 2014/15* 2015/16**
Starting stocks 888 448 619 258
Production 1.462 2.483 1.434 2.050
Imports intra-EU 892 1.079 1.004 1.033
Imports extra-EU 153 53 199 133
Total imports 1.045 1.133 1.203 1.166
Total availability 3.395 4.064 3.256 3.473
Exports intra-EU 834 1.100 950 977
Exports extra-EU 491 601 504 530
Total exports 1.325 1.701 1.454 1.508
Consumption 1.621 1.731 1.532 1.616
Ending stocks 448 619 258 339 IOC marketing years Oct-Sept; excl. pomace olive oil; * provisional ** estimated; incl.refining losses
EU olive oil balance sheet
1000t
EU
Pric
es
Prod
ucti
on
EU
Trad
e
EU
Sto
cks
Con
su
mp
tion
EU
Bala
nce
Sh
eet
EU monthly production (MS' communications R826/2008)
DG AGRI DASHBOARD: OLIVE OIL Last update: 25.04.2018
2.402
3.252
2.458
3.177
2.541
3.222
1.462
2.483
1.435
2.324
1.750
2.133
936769
1.024853 792
1.089
0
500
1000
1500
2000
2500
3000
3500
2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)
OLIVE OIL PRODUCTION (1000t)WORLDEUnon-EUAverage world 2012/13-2016/17
excl. pomace oil;
618
1.782
842
1.403 1.291 1.250
416 464222
475
182425
358
132300 320 195
320
59 92 61 10969
12511 14 9 17 13 13
1.462
2.483
1.435
2.324
1.750
2.133
0
500
1.000
1.500
2.000
2.500
3.000
2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)
EU OLIVE OIL PRODUCTION (1000t)
excl .pomace oil
variation 2017/18 vs 2016/17
Spain (-3%)Italy (+133%)Greece (+64%)Portugal (+80%)Others EU (+7%)EU total (+22%)Average 2012/13-2016/17
excl. pomace oil;
936
769
1024
853 792
1089
220
70
340
140100
220195 135
160150
177
287
100
130 120 130 110 140175 180105 110 110 100
246 254299 323 295
342
0
200
400
600
800
1.000
1.200
2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)
non-EU OLIVE OIL PRODUCTION (1000t)variation 2017/18 vs 2016/17
Total non-EU (+38%) Tunisia (+120%)Turkey (+62%) Morocco (+27%)Syrian Arab Republic (-9%) Others non-EU (+16%)Average 2012/13-2016/17
-
10.000
20.000
30.000
40.000
50.000
60.000
70.000
Extra EU olive oil EXPORTS per CATEGORY (t)Pomace oil (CN 1510)"Olive oil" (CN 1509900 0)Virgin lampante (CN 150910 10)Virgin other than lampante (CN 15091080)Extra virgin (CN 15091020)Extra virgin + virgin other than lampante (CN 15091090)Average previous 3 marketing years
-
5.000
10.000
15.000
20.000
25.000
30.000
35.000
Extra EU olive oil IMPORTS per CATEGORY (t)Pomace oil (CN 1510)"Olive oil" (CN 1509900 0)Virgin lampante (CN 150910 10)Virgin other than lampante (CN 15091080)Extra virgin (CN150910 20)Extra virgin + virgin other than lampante (CN 15091090)Average previous 3 marketing years
-800
-400
0
400
800
1200
1600
2000
2400
2800
EU Structure of olive oil trade 2007-2017 with EXTRA-EU28 (Mio Eur)
periods October-September Export virgin lampante
Export pomace
Export "olive oil"
Export extra virgin+virginother than lampante
Import virgin lampante
Import "olive oil"
Import extra virgin+virginother than lampante
Import pomace
TRADE BALANCE
632688
894
455631
211
432
320
421
0
200
400
600
800
1000 EU Olive oil ending stocks(1000t) enging stocks
Average last 5 years
Ending stocks on 30.9.; excl. olive pomace oil
2.902 3.061 3.086 2.989 3.076 2.916 2.980 2.739
2.988
1.830 1.862 1.787 1.620 1.726 1.605 1.660 1.399 1.583
-
1.000
2.000
3.000
4.000Olive oil consumption
(1000t)
World EU
IOC marketing years Oct-Sept; excl. pomace olive oil;
150
250
350
450
550
650
10/20…
12/20…
02/20…
04/20…
06/20…
08/20…
10/20…
12/20…
02/20…
04/20…
06/20…
08/20…
10/20…
12/20…
02/20…
04/20…
06/20…
08/20…
10/20…
12/20…
02/20…
Average monthly prices of extra virgin olive oil in the most representative EU markets
€/100kg
Italy - Bari Spain - Jaen Greece - Chania150
200
250
300
350
400
450
10/2
014
12/2
014
02/2
015
04/2
015
06/2
015
08/2
015
10/2
015
12/2
015
02/2
016
04/2
016
06/2
016
08/2
016
10/2
016
12/2
016
02/2
017
04/2
017
06/2
017
08/2
017
10/2
017
12/2
017
02/2
018
Average monthly prices of virgin olive oil in the most representative EU markets
€/100kg
Italy - Bari Spain - Jaen Greece - Chania150
200
250
300
350
400
Average monthly prices of lampante olive oil in the most representative EU markets
€/100kg
Italy - Lecce Spain - Jaen Greece - Chania
2012/13
(final )
2013/14
(final )
2014/15
(final )
2015/16
(final )
2016/17
(prov.)
2017/18
(est.)
Starting s tocks 894 455 631 211 432 320
Production 1.462 2.483 1.435 2.324 1.750 2.133
Imports extra-EU 153 53 225 98 90 161
Exports extra-EU 491 601 508 574 556 580
Consumption 1.620 1.726 1.605 1.660 1.399 1.583
Ending stocks 455 631 211 432 320 421
excl. pomace olive oil
EU olive oil balance sheet (1000t)
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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150
250
350
450
550
650
10/20…
12/20…
02/20…
04/20…
06/20…
08/20…
10/20…
12/20…
02/20…
04/20…
06/20…
08/20…
10/20…
12/20…
02/20…
04/20…
06/20…
08/20…
10/20…
12/20…
02/20…
Average monthly prices of extra virgin olive oil in the most representative EU markets
€/100kg
Italy - Bari Spain - Jaen Greece - Chania
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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150
200
250
300
350
400
450
10/2
014
12/2
014
02/2
015
04/2
015
06/2
015
08/2
015
10/2
015
12/2
015
02/2
016
04/2
016
06/2
016
08/2
016
10/2
016
12/2
016
02/2
017
04/2
017
06/2
017
08/2
017
10/2
017
12/2
017
02/2
018
Average monthly prices of virgin olive oil in the most representative EU markets
€/100kg
Italy - Bari Spain - Jaen Greece - Chania
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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150
200
250
300
350
400
Average monthly prices of lampante olive oil in the most representative EU markets
€/100kg
Italy - Lecce Spain - Jaen Greece - Chania
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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2.402
3.252
2.458
3.177
2.541
3.222
1.462
2.483
1.435
2.324
1.750
2.133
936769
1.024853 792
1.089
0
500
1000
1500
2000
2500
3000
3500
2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)
OLIVE OIL PRODUCTION (1000t)WORLDEUnon-EUAverage world 2012/13-2016/17
excl. pomace oil;
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EU monthly production (MS' communications R826/2008)
618
1.782
842
1.403 1.291 1.250
416 464222
475
182425
358
132300 320 195
320
59 92 61 10969
12511 14 9 17 13 13
1.462
2.483
1.435
2.324
1.750
2.133
0
500
1.000
1.500
2.000
2.500
3.000
2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)
EU OLIVE OIL PRODUCTION (1000t)
excl .pomace oil
variation 2017/18 vs 2016/17
Spain (-3%)Italy (+133%)Greece (+64%)Portugal (+80%)Others EU (+7%)EU total (+22%)Average 2012/13-2016/17
excl. pomace oil;
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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936
769
1024
853 792
1089
220
70
340
140100
220195 135
160150
177
287
100
130 120 130 110 140175 180105 110 110 100
246 254299 323 295
342
0
200
400
600
800
1.000
1.200
2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)
non-EU OLIVE OIL PRODUCTION (1000t)variation 2017/18 vs 2016/17
Total non-EU (+38%) Tunisia (+120%)Turkey (+62%) Morocco (+27%)Syrian Arab Republic (-9%) Others non-EU (+16%)Average 2012/13-2016/17
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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-
5.000
10.000
15.000
20.000
25.000
30.000
35.000
Extra EU olive oil IMPORTS per CATEGORY (t)Pomace oil (CN 1510)"Olive oil" (CN 1509900 0)Virgin lampante (CN 150910 10)Virgin other than lampante (CN 15091080)Extra virgin (CN150910 20)Extra virgin + virgin other than lampante (CN 15091090)Average previous 3 marketing years
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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-
10.000
20.000
30.000
40.000
50.000
60.000
70.000
Extra EU olive oil EXPORTS per CATEGORY (t)Pomace oil (CN 1510)"Olive oil" (CN 1509900 0)Virgin lampante (CN 150910 10)Virgin other than lampante (CN 15091080)Extra virgin (CN 15091020)Extra virgin + virgin other than lampante (CN 15091090)Average previous 3 marketing years
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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-800
-400
0
400
800
1200
1600
2000
2400
2800
EU Structure of olive oil trade 2007-2017 with EXTRA-EU28 (Mio Eur)
periods October-September Export virgin lampante
Export pomace
Export "olive oil"
Export extra virgin+virginother than lampante
Import virgin lampante
Import "olive oil"
Import extra virgin+virginother than lampante
Import pomace
TRADE BALANCE
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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632688
894
455631
211
432
320
421
0
200
400
600
800
1000 EU Olive oil ending stocks(1000t) enging stocks
Average last 5 years
Ending stocks on 30.9.; excl. olive pomace oil
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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2.902 3.061 3.086 2.989 3.076 2.916 2.980 2.739
2.988
1.830 1.862 1.787 1.620 1.726 1.605 1.660 1.399 1.583
-
1.000
2.000
3.000
4.000Olive oil consumption
(1000t)
World EU
IOC marketing years Oct-Sept; excl. pomace olive oil;
\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64
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2012/13
(final )
2013/14
(final )
2014/15
(final )
2015/16
(final )
2016/17
(prov.)
2017/18
(est.)
Starting s tocks 894 455 631 211 432 320
Production 1.462 2.483 1.435 2.324 1.750 2.133
Imports extra-EU 153 53 225 98 90 161
Exports extra-EU 491 601 508 574 556 580
Consumption 1.620 1.726 1.605 1.660 1.399 1.583
Ending stocks 455 631 211 432 320 421
excl. pomace olive oil
EU olive oil balance sheet (1000t)